Trading in the US hide market was minimal ahead of Thanksgiving, with most US-based sellers traveling for the holiday. The only reported trades involved flat pricing for heavy native steer hides and butt-branded steer hides, reflecting a subdued market environment as participants paused for the holiday period.

More comprehensive trading updates are anticipated on Monday December 2, when Fastmarkets’ US offices reopen and cover activity during the holiday closure.

Automotive hide demand declines amid slower vehicle sales and production in 2024
The second half of 2024 has been marked by depressed buying for hides intended for automobile manufacturing, as sluggish vehicle sales and declining production levels weigh heavily on demand.

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